Japan's digital yen plan to become clearer late 2022

The Bank of Japan (pic) in April launched the first phase of its central bank digital currency (CBDC) experiment, joining counterparts aiming to match the rapid pace of private innovation.

TOKYO: Japan will have more clarity on what a digital yen would look like late next year, a lawmaker overseeing the ruling party's digital currency plan said, potentially sparking a turf war between traditional lenders and online platform operators.

The Bank of Japan in April launched the first phase of its central bank digital currency (CBDC) experiment, joining counterparts aiming to match the rapid pace of private innovation.